Elimination of double taxation through foreign tax credit in Namibia and deduction in India for foreign taxes paid. Elimination of double taxation is provided by residence-specific mechanisms: Namibia allows a foreign tax credit against Namibian tax for Indian tax paid on income or capital gains, limited to the Namibian tax computed on that income or gains; India allows a deduction from Indian tax equal to tax paid in Namibia on income or capital gains taxable in Namibia under the Convention.
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Provisions expressly mentioned in the judgment/order text.
Elimination of double taxation through foreign tax credit in Namibia and deduction in India for foreign taxes paid.
Elimination of double taxation is provided by residence-specific mechanisms: Namibia allows a foreign tax credit against Namibian tax for Indian tax paid on income or capital gains, limited to the Namibian tax computed on that income or gains; India allows a deduction from Indian tax equal to tax paid in Namibia on income or capital gains taxable in Namibia under the Convention.
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